How does bitcoin affect finance

1. Whether bitcoin is a bubble or a historical opportunity is a topic that the market will never stop discussing before the real test comes up. To evaluate the real value of an asset, perhaps the financial crisis is the best touchstone

ring the global financial crisis in 2007 / 08, the price of gold fluctuated sharply. In March 2008, the price of gold peaked at 1032, then plummeted to 680 in a few months, and then went all the way to the peak in 1920.

2. With the existence of Internet and blockchain, bitcoin will exist. It has existed for a long time, and people graally recognize and widely apply it to payment. Then, it can play a positive balancing role in world finance.

3. As a financial technology enthusiast, kuanke online Xiaobian, I think, there are several major factors to promote
1, the short-term factors that determine the price: supply and demand and market sentiment
the relationship between supply and demand means that if the amount of money spent on buying bitcoin is more than that spent on selling bitcoin, the price of bitcoin will rise. If more people buy bitcoin, it will rise
market sentiment refers to the views of the market and the media on the price trend of bitcoin at that time. When many people strongly see bitcoin, the market sentiment is confident, and the price of bitcoin will rise rapidly. If the media makes pessimistic reports on the price of bitcoin, it will affect people's confidence and lead people to sell bitcoin, and the price of bitcoin will fall
2, the medium-term factors that determine the price: policy, news and mining cost
on the policy side, it is the policy attitude of governments towards bitcoin. For example, the recent crackdown and regulation of bitcoin by the South Korean government has led to a sharp drop in the price of bitcoin in the near future. If more and more countries support and encourage the development of bitcoin, the price of bitcoin will be higher and higher. On the contrary, if many countries begin to suppress bitcoin, the price of bitcoin will continue to fall
on the news side, there are some important things in the bitcoin instry. For example, around December, the two major stock exchanges in the United States launched bitcoin futures, which are good for bitcoin and directly push the price of bitcoin up to about $20000
mining cost is the cost of bitcoin miners using machines to dig out bitcoin. At present, the cost of digging out a bitcoin is about 12000 US dollars, so it is difficult for the price of bitcoin to fall below 12000 US dollars. Mining cost is the bottom line of bitcoin price. With the continuous increase of mining costs, the reason is that more competitors enter the mining field, especially many large institutions, companies and countries
3 determines the long-term price factors: the US dollar trend, the global bubble, the official digital currency, and the block chain technology.
the trend of the US dollar. According to the personal analysis data, the US dollar will weaken in the next few years, which means that the global monetary system with us dollar as the world currency in the past will be rebuilt. The rise and future of bitcoin is to assume the identity and mission of the world currency
global bubble. Since the United States abolished the gold standard Bretton Woods system in 70s, many countries in the United States have been printing banknote printing machines. The bubble of currency has caused the global economic bubble and asset bubble. The global economic crisis triggered by the US subprime mortgage crisis in 2008 is the crisis triggered by the currency bubble. At present, the global economic bubble and asset bubble have reached the critical point of collapse. The birth of bitcoin was e to the reason of the currency bubble, which made people no longer believe in the currency of national credit, and began to believe and recognize bitcoin.
official digital currency, countries around the world have begun to prepare to issue official digital currency, that is, digital currency issued by countries. Venezuela has issued a national level digital currency - Petroleum currency. Israel is preparing to issue it, Russia is also preparing to issue it, and the Japanese government is issuing it. 2018 will become the first year of the global official digital currency. The accelerated launch of official digital currency and its increasing popularity show that the value of bitcoin as internet currency is unlimited.

4.

When we learn about finance, we will often hear the word inflation. What impact does it have on us? Its existence will cause some phenomena, such as rising prices and devaluation, which will have a certain impact on the country and bring more frustrations to people's lives. Let's think about it, Why does it affect the trend of bitcoin

Therefore, the emergence of inflation also helps the trend of bitcoin and helps its growth. Therefore, it shows that inflation promotes the growth of bitcoin. They are interrelated and help each other. So the main reason that affects bitcoin is the impact of inflation, which makes its existence more important, So many people use him as an important tool to resist this phenomenon. For him, then it will become better and better, more and more fierce

5. Bitcoin is the so-called "cryptocurrency", which is a digital asset in the form of data. Your money in the bank may also be a bunch of numbers, but these numbers are equivalent to real money. Bitcoin is not. In the world of bitcoin, there is neither a central bank to manage nor an inherent legal framework. Because of this, the value of bitcoin is entirely determined by the market, which is currently very hot
bitcoin is stored in a digital wallet. You can store it on your local hard disk or mobile phone, or in a variety of online bitcoin exchanges. Keeping bitcoin locally is like hiding money under a mattress. If something goes wrong with your digital wallet, your money will be gone
to remit or collect money, you need to point your bitcoin client or network exchange to a bitcoin address, which is the address of every wallet. After a few minutes, bitcoin will generally leave your wallet and enter the other person's wallet. There are few sites that accept bitcoin, but there are a few. It's more difficult to use bitcoin in real life, but it can be achieved through some systems
what is the impact of bitcoin on the economy
despite all kinds of problems, the soaring price of bitcoin is partly e to more and more people using it. Bitcoin fans believe in its future. Ordinary people are also graally interested in cryptocurrency, but because it is too complex, it is difficult to popularize in the mass market. If it is really popular, the fluctuation of bitcoin's value will lead to greater turbulence in the global economy
if you bought $1000 bitcoin in 2010, it's worth about $35 million now. But if you buy $1000 bitcoin in early 2014, you'll only have a quarter of your purchasing power a year later. How would you feel if you paid with bitcoin and found that you could only buy half of what you had a few days ago
this kind of inflation is unstable, but if it is used in parallel with the government supported currency, bitcoin does have some advantages. Few people will exchange all their assets for bitcoin.

6. No impact, the CBRC clearly stipulates that financial institutions shall not participate in bitcoin transactions

7. Special currency has four main characteristics: no centralized issuers, limited amount, no geographical restrictions and anonymity. Although some people call bitcoin "currency", it is not a real currency because it is not issued by the monetary authority and has no monetary attributes such as legal compensation and compulsion. In terms of nature, bitcoin is a specific virtual commodity, which does not have the same legal status as currency and cannot and should not be used as currency in the market.

8. The risk is uncontrollable, and the basic value is zero. If the pure leverage fluctuates too much, it will bring a devastating blow. Imagine that a good family business does not do its business and uses cash flow to speculate in bitcoin, causing losses and breaking the capital chain. Then the business will go bankrupt, the workers will lose their jobs, the support from the local government will be wasted, the tax revenue will be reced, and the score of political achievements will be reced, even if it is profitable, It's also drumming and spreading flowers. Some people will have bad luck.

9.

The crazy rise of bitcoin price reflects the potential crisis in the global financial market, that is, it may be rotten in the hands and can not be realized. All kinds of virtual currencies you see now are very popular, but you should clearly know that virtual currency itself has no economic value and is not recognized by any government, If you say that he has no value and no one will buy him, he has no value at all{ RRRRR}

although it is simple to say, it is not so simple in actual operation, but the general principle is similar, because the virtual currency itself is affected by the investment tuyere, more and more investors pour into the instry, and oversupply will lead to its price rising rapidly. Before Tesla put forward a one currency car purchase plan, If it can be implemented, it means that it has the purchasing power in real life, and the risk is much lower. At the same time, there are a lot of virtual currencies. Because of the rapid rise in the price, also because of this, its price once rose rapidly, but whether it can survive or not